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Inflation Worrywarts Are Crashing the Party
Bloomberg Opinions, March 5, 2024–Jonathan Levin
A curious thing has happened in the US market discourse: In the absence of major concerns about jobs and growth, commentators have started to worry that the economy is too good to keep inflation contained. The most salient recent example is Apollo Global Management Inc. Chief Economist Torsten Slok, who said last week that economic strength will prevent the Federal Reserve from cutting policy rates in 2024.
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